If Bitcoin drops below $116,000, the mainstream CEX long liquidation pressure will reach 775 million US dollars

BlockBeats News, July 12th, according to Coinglass data, if Bitcoin falls below $116,000, the cumulative long liquidation intensity of mainstream CEX will reach 775 million.

Conversely, if Bitcoin surpasses $118,000, the cumulative short liquidation intensity of mainstream CEX will only be 220 million.

BlockBeats Note: The liquidation chart does not display the precise number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster to neighboring liquidation clusters, known as intensity.

Therefore, the liquidation chart shows to what extent reaching a certain price level will have an impact. A higher "liquidation bar" indicates that once the price reaches that level, it will react more strongly due to a liquidity cascade.